Education Waqf: A Case Study of Yayasan Waqaf Malaysia Asharaf Mohd Ramli ,Siti Suriani Othman ,Norman Hamdan ,Abdullah Jalil, Khairunneezam Mohd Noor , Edi Setiadi , M. Rachmat Effendi
Universiti Sains Islam Malaysia, Universitas Islam Bandung
Abstract
Waqf is one of the very special practices in Islam because it offers continuous rewards to the waqf giver even after death. The general goal of waqf is to develop the economy of Muslims. Among the benefits of waqf is to support educational activities, especially in the context of funding educational centers that do not receive full financial assistance from the government. This study examines the management of waqf in Malaysia specifically on educational waqf in Yayasan Waqaf Malaysia. The two main objectives of this study are to identify aspects of educational endowment governance in Yayasan Wakaf Malaysia (YWM) as well as to analyze the methods of channeling waqf benefits in YWM. In Malaysia, waqf management is formed with a centralized approach and the government plays an important role in the development and management of waqf. In the meantime, priority is given to educational endowment by YWM to support the development of education for institutions in need. Deploying the interview research method with an informant from YWM, it can be concluded that YWM has its own method to develop the ummah through educational endowment and a specific channel approach in ensuring that the funds and goals reach the target.
Keywords: wakaf education, Yayasan Wakaf Malaysia, governance, wakaf distribution methods.
